Zama launches Dutch auction: 10% token supply will soon log in to Ethereum

[Coin World] The FHE Cryptography project Zama is about to make moves - they are preparing to sell 10% of the total ZAMA Token supply through a Dutch auction on Ethereum.

The time is set from January 12th to 15th, a four-day auction period. If you want to participate, you will have to wait until January 20th to receive the tokens. The most interesting part of this auction is that all bids are confidential, using Zama's own protocol technology. The benefits of this design are obvious: there is no need to worry about bots rushing in, and there won't be a situation of Gas Fee skyrocketing. More importantly, it allows price discovery to return to reality. Once the auction is over, the tokens will be unlocked, with no lock-up period.

The ZAMA token plays a crucial role in the entire Zama protocol - it is a tool for paying cryptography decryption fees. Users can stake it or delegate it to node operators, while also helping to secure FHE co-processor and key management system nodes. According to the plan, the Zama mainnet will be launched by the end of this year, and the ZAMA token will be fully activated before the auction.